Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,675,000
Hotels
15900 40th Ave Aurora, CO 80011-0804
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US13-2560301
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Total area
43,882 SF
Lot
4.44 ac (193,537 SF)
APN
R0109958
UPID
US13-2560301
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.68M
Owner & transaction history
Khan Hospitality LLC · 16 yrs held
Khan Hospitality LLC
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,505,000
6.5%
$5,080,000
7%
$4,715,000
Blend value · Realmo final
$3.68M
Range $3.31M – $4.04M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$84 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$185,364
Tax year 2023
Assessed value
$1,467,900
Assessed 2023
Previous assessed
$2,043,040
-28.2% YoY
Effective rate
12.63%
On assessed value
Assessed land
$877,450
Assessed improvement
$590,450
Land market value
$3,144,978
Improvement market value
$1,726,222
Total market value
$4,871,200
Applied tax rate
347.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1997
Heating
FLOOR/WALL FURNACE
Cooling
AC.PACKAGE
Stories
3
Units
119
Rooms
119
Total area
43,882 SF
Lot
4.44 ac (193,537 SF)
APN
R0109958
UPID
US13-2560301
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1997
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
3
Units
119
Rooms
119
Lot
4.44 ac
Current owner
From public records · entity-resolved
Khan Hospitality LLC
Entity
Mailing address
15900 E 40TH AVE, AURORA, CO 80011-0804
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2010
—
Khan Hospitality LLC
Khan,muhammad F & Bibi I
Quit Claim Deed
related
—
Feb 27, 2009
—
Corsa Inv LLC
Lee,bong W & Kyung J
Quit Claim Deed
related
—
Apr 18, 2008
$7,250,000
Bong W Lee
Khan Hospitality LLC
Warranty Deed
$4,250,000 · Academy Bank
Dec 15, 2004
—
Khan Hospitality LLC
Khan,muhammad F & Bibi I
Quit Claim Deed
related
—
May 5, 2003
$4,090,000
Muhammad F Khan
Kmmb LLC
Grant Deed
$3,000,000 · Pinnacle Bank
Aug 24, 2001
—
Kmmb LLC
South Padre J & J
Grant Deed
$1,099,485 · South Padre J & J
—
—
Corsa Investment LLC
—
Deed Of Trust
related
$3,900,000 · Hana Small Busn Lndg
—
—
Bong W Lee
—
Deed Of Trust
related
$4,332,838 · Academy Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 15900 40th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
